AUTHORITY AND POWERS. Subject to the other provisions of this Agreement, all powers of the Company shall be exercised by or under the authority of the Board of Managers. Decisions of the Board of Managers within its scope of authority shall be binding upon the Company and the Member. The Board of Managers may execute all documents, instruments, and agreements reasonably deemed by the Board of Managers to be necessary, appropriate, or needed for the performance of its duties and the exercise of its powers. Furthermore, the Board of Managers may retain attorneys, accountants, and other professionals in the course of the performance of the Managers’ duties and exercise of their powers.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Currencyshares Chinese Renminbi Trust), Limited Liability Company Agreement (Currencyshares Swedish Krona Trust), Limited Liability Company Agreement (Currencyshares Japanese Yen Trust)
AUTHORITY AND POWERS. Subject to the other provisions of this Agreement, all powers of the Company shall be exercised by or under the authority of the Board of Managers. Decisions of the Board of Managers within its scope of authority shall be binding upon the Company and the Member. The Board of Managers may execute all documents, instruments, and agreements reasonably deemed by the Board of Managers to be necessary, appropriate, or needed for the performance of its duties and the exercise of its powers. Furthermore, the Board of Managers may retain attorneys, accountants, and other professionals in the course of the performance of the Managers’ ' duties and exercise of their powers.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Euro Currency Trust)
AUTHORITY AND POWERS. Subject to the other provisions of this Agreement, all powers of the Company shall be exercised by or under the authority of the Board of ManagersBoard. Decisions of the Board of Managers within its scope of authority shall be binding upon the Company and the Member. The Board of Managers may execute all documents, instruments, and agreements reasonably deemed by the Board of Managers to be necessary, appropriate, appropriate or needed for the performance of its duties and the exercise of its powers. Furthermore, the Board of Managers may retain attorneys, accountants, accountants and other professionals in the course of the performance of the Managers’ duties and exercise of their powers.
Appears in 1 contract
Samples: Limited Liability Company (Currencyshares Swedish Krona Trust)
